- Retirees have had a serious problem obtaining reasonably safe sources of income to pay their bills and finance their lifestyles for most of the past decade.
- HYT invests in a highly diversified portfolio of high-yield assets to help them overcome this problem.
- Although these are junk bonds, the fund goes out of its way to ensure that there should be minimal loss of principal.
- The 7.50% distribution is reasonably consistent and secure, which adds to the fund's appeal.
- The fund appears to be a bit overvalued right now as it is at a larger premium than usual.
For further details see:
HYT: Fight The Fed With This 7.5% Yielder